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LG announces organizational changes to propel future vision 2030

DUBAI: LG Electronics (LG) announced a series of organizational changes and executive appointments following the approval of its board of directors. This restructuring aims to accelerate the company's mid- to long-term strategy, "Future Vision 2030," by enhancing inter-organizational synergy and innovating its business portfolio.

LG Electronics has announced significant organizational changes to support its "Future Vision 2030" strategy, aiming to enhance its competitiveness in the global market. The company is restructuring its Home Appliance & Air Solution (H&A) and Home Entertainment (HE) divisions to foster innovation and growth. Key changes include the establishment of a new Overseas Sales and Marketing Company to streamline global sales strategies, and the creation of a Global Strategy Office to oversee strategic planning and execution. Additionally, LG is focusing on expanding its business-to-business (B2B) operations, particularly in areas like automotive electronics and HVAC systems, while also emphasizing digital transformation and customer experience enhancement. These moves are part of LG's broader initiative to adapt to rapidly changing market dynamics and consumer needs, positioning the company for sustainable growth and leadership in technology and service innovation.

Read the Full Zawya Article at:
https://www.zawya.com/en/press-release/people-in-the-news/lg-announces-organizational-changes-to-propel-future-vision-2030-jgaw2ow4


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